The Free to Grow CFO Podcast Mini Episode: Why Your CPA Should Not Keep Your $10M Brand's Books
Episode Summary
In this mini-episode of The Free to Grow CFO Podcast, Jon Blair discusses the critical importance of specialized bookkeeping for e-commerce brands, particularly those generating close to $10 million in revenue. He emphasizes the inadequacies of using a general CPA for bookkeeping, highlighting the need for expertise in e-commerce consumer goods. The short discussion covers the differences between cash and accrual accounting, the necessity for timely financial data, and the challenges posed by tax deadlines that can hinder bookkeeping efficiency.
Key Takeaways:
-E-commerce bookkeeping is complex and requires specialized knowledge.
-Accrual accounting provides better visibility into cash flow management.
-You need timely and accurate financial data for decision making.
Episode Links
Jon Blair - https://www.linkedin.com/in/jonathon-albert-blair/
Free to Grow CFO - https://freetogrowcfo.com/